A legislative study committee began work this week (June 17, 2024) on examining the methodology of assessing property taxes in South Dakota.
But, Committee Co-Chair Senator Randy Diebert of Spearfish says that doesn’t mean you should expect to see a property tax rate cut.
Property taxes have been on the rise as property values increase. Even with that, State Revenue Secretary Mike Houdyshell says the tax burden in the Rushmore State is comparatively low.
County officials are responsible for assessing property valuations for tax purposes, meaning there could be differences across the state.
The Committee will meet several times before wrapping up the study in October.
My property tax went up 65%, I was on KOTA news, `written letters to representatives to zero representation by them. When politician’s say they are talking about anything it is a delay tactic to wait you out till you just give up and pay the bill. I am NOT going to pay that massive increase, I will pay only the past rate and the increase will be tied to COLA. We retired people on fixed incomes have to live with the COLA so will the government since the government set the rule of COLA. This increase STOLE a very large part of my SS per month. This is South Dakota, not California. And just where is our AWOL governor. No response from her office in the least over the past few months.